Richwood, TX
Population 4,766 · Texas
About Richwood, TX
Richwood is a small town located in Texas with a population of 4,766 residents according to the latest US Census Bureau American Community Survey data. The median household income is $80,250 per year, which is 7% above the national median of $75,149. The median age of 32.7 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Richwood features a median home value of $230,800, which is 6% below the national median of $244,900. This positions Richwood in a moderately priced market relative to the rest of the country. Median monthly rent is $1,215, 4% above the national average of $1,163/month. Of the 2,006 total housing units, 59% are owner-occupied (1,110 units) and 41% are renter-occupied (761 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Richwood shows an unemployment rate of 7.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 4.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Richwood have an average one-way commute time of 23.9 minutes.
Education & Demographics
23.7% of Richwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 43.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 4.6% Asian residents, with 7.4% of the population being foreign-born.
Cost of Living in Richwood, TX
Compared to national averages, Richwood has a median household income of $80,250 (7% above the national median of $75,149). Home values average $230,800, which is 6% below the national median. Monthly rent at $1,215 is 4% above the US average of $1,163. Within Texas, Richwood's income is 10% above the state average of $72,726, and home values are 9% above the state median of $211,769.
Why Live in Richwood, TX?
Richwood offers a strong local economy with a median household income of $80,250, well above the national average, and affordable housing with a median home value of $230,800, below the US average of $244,900, and a low poverty rate of 4.2%, better than the national average. Additionally, the city features short commute times averaging just 23.9 minutes.
Richwood has a population of 4,766 with a median age of 32.7 years. Compare Richwood with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Richwood
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Carrizo Springs | 4,800 | $36,077 | $67,700 | Compare |
| Morgan's Point Resort | 4,709 | $78,913 | $199,800 | Compare |
| Fabens | 4,704 | $42,524 | $88,900 | Compare |
| Pilot Point | 4,829 | $79,128 | $268,300 | Compare |
| Meadows Place | 4,689 | $92,736 | $256,000 | Compare |
| North Alamo | 4,843 | $53,195 | $82,300 | Compare |
| Lake Worth | 4,667 | $83,869 | $210,700 | Compare |
| Zapata | 4,879 | $37,653 | $104,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Richwood With Other Cities
Frequently Asked Questions about Richwood
What is the population of Richwood, TX?
The population of Richwood, TX is 4,766 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Richwood?
The median household income in Richwood, TX is $80,250 per year, which is 7% above the national median of $75,149.
What is the median home value in Richwood?
The median home value in Richwood, TX is $230,800, which is 6% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Richwood?
The median monthly rent in Richwood, TX is $1,215, which is 4% above the national average of $1,163/month.
What is the unemployment rate in Richwood?
The unemployment rate in Richwood, TX is 7.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Richwood, TX a good place to live?
Richwood offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 4,766 and a median age of 32.7, the city appeals to young professionals and families.
How educated is Richwood, TX?
23.7% of residents in Richwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Richwood?
Key cost-of-living indicators for Richwood, TX: median home value is $230,800 (6% below national), median rent is $1,215/month, and median household income is $80,250. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Richwood?
The poverty rate in Richwood, TX is 4.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Richwood, TX?
Richwood's population is 43.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 4.6% Asian, and 7.9% two or more races. 7.4% of residents are foreign-born.